Blustone
Overview
Blustone is a growth capital fund in Latin America that invests in tech and tech-enabled start-ups that have demonstrated traction or product-market-fit. They support founders throughout their early-stage life cycle, from Seed to Series A. Although they are sector agnostic, they can add significant value in Supply Chain (commerce, distribution and logistics), Consumer (mainly food related) and Healthcare Services companies given their backgrounds and prior experience. They invest in transformative, high-growth businesses with cross-border potential in large, growing and resilient markets in Latin America.
Investments
| Company | Date | Stage | Lead |
|---|---|---|---|
| Swvl | Jun 2019 | Series B Extension | Co-investor |
| Lerian | Jan 2026 | Seed | Co-investor |
| Elevva | May 2022 | Seed | Lead |
| Wehandle | Sep 2025 | Seed | Co-investor |
| Cubbo | Nov 2021 | Seed | Co-investor |
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Sector & Stage Mix
Industry, funding stage, and valuation band breakdowns.
FAQ
Where is Blustone based?
Blustone is headquartered in Brazil.
When was Blustone founded?
Blustone was founded in 2020.
How many portfolio companies does Blustone have?
Blustone has 8 portfolio companies in Caplight's dataset.
What are some companies in Blustone's portfolio?
Portfolio companies visible on Caplight include Swvl, Lerian, Elevva, Wehandle, Cubbo.
What was Blustone's most recent investment shown here?
Blustone's most recent investment in this portfolio sample was in Lerian in 2026.
What sectors does Blustone focus on?
Blustone focuses on FinTech, Mobility, Transportation & Logistics, FinTech, Mobility, Transportation & Logistics, Mobility, Transportation & Logistics, Enterprise Software, Consumer & Commerce, Mobility, Transportation & Logistics, Enterprise Software, Consumer & Commerce, Enterprise Software, Enterprise Software, Enterprise Software, AI, Data & Cloud Infrastructure, Enterprise Software, Enterprise Software.
What company stages does Blustone focus on?
Blustone typically invests at the Early stage.
What is Blustone's AUM?
Blustone's assets under management are estimated between $50.0M and $100.0M.